Direct Support Professional (DSP) incentive dollars will be coming soon. These dollars are significant and will be dispersed over a 6-month period. You must be employed by The Arc at the time they are dispersed to receive these dollars – if you are no longer employed with us, you will lose eligibility and will not be given these incentives. These are the federal rules that are being presented to us.

As part of a federal initiative, DSPs who fall in the CFR 200 classification code, may be eligible for incentive payments as part of Federal Medical Assistance Percentages (FMAP). While we don’t have final details yet about actual dollar amounts or a timeline, we do know that agencies like The Arc of Monroe will receive federal funds that we will pass along to DSPs who fall in specific categories.

There are four categories of dollars that will be distributed so you are aware. We hope these charts help clearly explain if you are eligible. Click here for a PDF download of the 4 graphs.

Your money matters! Consider using your Bonus Dollars to achieve your financial and personal goals.

Understand the implications of your bonuses on:
Subsidies (housing, food, heat)
Health Insurance 
Taxes

Click here to download your One-Stop Incentive Bonus Flyer.

These Bonus Dollars may be significant! Please consider these options for your bonus incentives:

• Reduce your income by making a retirement contribution (403B) through payroll deduction.
  Click here to learn more: www.newportgroup.com.
• Contact your financial institution to inquire about opening an Individual Retirement Account (IRA).
• If you are enrolled in an Arc high deductible medical plan, consider contributing to your HSA through payroll deduction.
• Pay down your debt.
• Build an emergency fund.
• Save and invest.
• Treat yourself a little.

EMPLOYEE ASSISTANCE PROGRAM (EAP)
Financial counseling/education/legal assistance/counseling.
www.nexgeneap.com
1-800-EAP-4YOU

CASH ROCHESTER
Free tax return preparation service.
EmpireJustice.org/Cash
(585) 900-1004

CONSUMER CREDIT COUNSELING SERVICES OF ROCHESTER
Debt management/financial education/credit counseling/student loan counseling.
(585) 546-3440

WHY SAVE FOR RETIREMENT?
Take one simple step today to prepare for your future:
https://bit.ly/3BF1MhB

DEPT. OF SOCIAL SERVICES – FINANCIAL ASSISTANCE
MonroeCounty.gov/hs-assistance
(585) 546-3440

YOUR BANK OR FINANCIAL INSTITUTION
Contact your bank or financial Institution and ask if they offer financial counseling, resources, or programs for members.

Any time you receive income, there are potential federal tax implications, and these incentive bonus dollars are no different. It’s important to understand the withholding rules for bonuses because the tax liability on your tax return may be affected if you under-withheld throughout the year.

If you have questions about the tax withholdings, contact our FMAP email address and we will help you out: FMAPQuestions@arcmonroe.org.